Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Skeena Resources Ltd T.SKE

Alternate Symbol(s):  SKE

Skeena Resources Limited is a precious metals developer that is focused on advancing the Eskay Creek Gold-Silver Project, a past producing mine located in the Golden Triangle in British Columbia, Canada. Eskay Creek represents one of the highest-grade and lowest cost open-pit precious metals mines in the world, with substantial silver by-product production. It also owns the past-producing Snip gold mine (Snip). In addition to Eskay Creek and Snip, the Company also owns several exploration stage mineral properties in the Golden Triangle and Liard Mining Division of British Columbia. Its 100%-owned Eskay Creek Project is a high-grade volcanogenic massive sulphide (VMS) deposit. The Snip mine consists of one mining lease and eight mineral claims totaling approximately 4,546 hectares (ha) in the Liard Mining Division. It has staked a 74,633-ha Hoodoo Project, located approximately 65 kilometers northwest of Eskay Creek. It also has interests in KSP property.


TSX:SKE - Post by User

Post by metalhead666on Nov 23, 2022 4:57pm
361 Views
Post# 35123355

FYI...spoke with Katie at the company...

FYI...spoke with Katie at the company...I made it clear that I am not happy with this latest mis-step.  She is not the person to speak to on this matter so I'm trying to contact Walter or the BOD directly.

Basically she said that an appeal was in the interest of all mining co's in BC as it (the judgement) sets a bad prescident. I explained to her that the company was perfectly welcome to pursue reforming Crown mining law on their own time with their own funds but that shareholders have no interest in taking some moral or ethical stand. I explained to her clearly that a resolution to this asap is ONLY in the company's and shareholders best interest as part of something is better than nothing. I explained that ANY resolution that put those ounces on our balance sheet makes future dilution less of an issue. I asked if Mr Mills had ever put a number out there and she either couldn't or wouldn't say. Doesn't matter....there's 300 million $$$ just sitting there waiting to be scooped up. If they gave Mills a check for 50 million we'd still be getting $250 million worth of gold. If they gave him a royalty stream...so what? We get hundreds of millions in additional value instantly added to our market cap.....All seemed to not really register with her. She said she would pass along my complaint.

In short this seems like some holy mission to prove a point and undo the law rather than doing the arithmetic and keeping this strictly a business decision. Now it will be months and they will get an appeals court ruling exactly as they got today. It was worth a shot to instigate the 1st court case but an appeal is just the definition of insanity. There is and will not be any new information. An appelate judgement will be the same as this one.

We have NO claim to all the goodies in the lake. It belongs to Mr Mills end of story.  It can sit there forever if they are both hard headed about this or Mr Mills can be a multi millionaire and we can have hundreds of millions instantly added to our market cap. 

I do not want to be complaining all the time but this really casts doubt on managements ability to navigate issues. There is one and only one resolution....write Mr Mills a big fat check in one form or another and get on with it. You don't need to be a blood sucking lawyer to understand this. It's over. Cut the check. 

Maybe some of you will have more persuasive ability that I do. The company clearly cares more about the industry and what this ruling implies for the future than they do about getting 100s of millions added to our market cap with the stroke of a pen. 


<< Previous
Bullboard Posts
Next >>